Databricks crossed $6.9 billion in annualized recurring revenue, growing 80% year over year. Snowflake sits at roughly $5.3 billion ARR, up 34%. The gap between the two companies widened from $490 million in March to $1.6 billion. Databricks' AI products now run at $1.7 billion annualized, roughly 25% of total ARR.
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Summary by ByteBrief
Databricks revenue hits $6.9B, up 80%+ YoY